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An analysis notes the JBS cyberattack caused a limited price response in cattle markets, as slaughter returned to pre-attack levels. New-crop 2021 corn prices are up about $1 per bushel from spring, which the author expects to influence feeder cattle values this summer.
Rising corn prices are a bigger driver of feeder cattle values than the short-lived packer disruption, raising feedlot costs.
beefmagazine.comJun 16, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
